Anworth Keeps Dividend Steady

REIT has made quarterly payouts to investors since 1998 but has been cutting the dividend in recent periods

Externally managed REIT Anworth Mortgage Asset(NYSE:ANH)announced yesterday its second-quarter dividend of $0.15 per share, the same rate it's paid for the past three quarters after cutting the payout 17% from $0.18 per share. The quarter before that, the REIT had cut the dividend 14% more.

The board of directors said the quarterly dividend is payable on July 29 to the holders of record at the close of business on July 8. The real estate investment trust has made quarterly payouts to investors since 1998.

The regular dividend payment equates to a $0.60-per-share annual dividend, yielding 10.7% based on the closing price of Anworth Mortgage Asset's stock on June 28.

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